Birdwatch Note Rating
2023-05-05 22:00:10 UTC - NOT_HELPFUL
Rated by Participant: 4747C0283546E9B8D9EF00415084A5E4EAFED6C4F1E8FF1835381A1C90EA996A
Participant Details
Original Note:
These kinds of transfers are taxed as gifts, not income. Except responsibility for paying gift taxes falls on the person making the gift, not the recipient. Secondly, tuition payments are exempted by law - 26 USC ยง 2503(e). As such, Justice Thomas had no tax obligation. https://www.irs.gov/pub/irs-news/at-01-31.pdf https://www.irs.gov/faqs/interest-dividends-other-types-of-income/gifts-inheritances/gifts-inheritances-https://www.law.cornell.edu/uscode/text/26/2503
All Note Details